Warner Bros. Discovery Board Dismisses Paramount Skydance Bid, Stays Committed to $72 Billion Netflix Merger
The board of directors of Warner Bros. Discovery (WBD) on Wednesday repeated its unanimous recommendation that shareholders vote against a hostile takeover proposal from Paramount Skydance, reaffirming its commitment to a previously signed agreement to merge WBD’s studio and streaming operations with Netflix for $72 billion. Chairman Samuel Di Piazza outlined the board’s position during […]